Unilever scrapped plans to move its headquarters to the Netherlands on Friday in the face of a shareholder revolt, keeping one of Britain’s most valuable companies in London ahead of Brexit.
Volkswagen’s premium brand Audi on Friday said it expected sales in Europe to fluctuate in the coming months after a 55.5 percent slump in September sales due to supply bottlenecks caused by stricter anti-pollution rules.
The era of mystery-cloaked numbered Swiss bank accounts has officially come to a close as Switzerland, the world’s biggest center for managing offshore wealth, began automatically sharing client data with tax authorities in dozens of other countries.
Unilever’s withdrawal of plans to move its headquarters to Rotterdam looked likely on Friday to trigger political fallout for Dutch Prime Minister Mark Rutte over his unpopular proposal to scrap a withholding tax on dividends.
SoftBank Group Corp is closing in on a deal to invest about $500 million in Grab as part of roughly $1 billion that Southeast Asia’s biggest ride-hailing firm is seeking in its latest funding, sources with knowledge of the matter said.
World markets steadied ahead of U.S. jobs numbers on Friday, as a four-year high in oil prices and the biggest weekly jump in Treasury yields since February left investors wondering where to go next.
Unilever scrapped plans to move its headquarters to the Netherlands on Friday in the face of a British shareholder revolt, keeping one of the country’s most valuable companies in London ahead of Brexit.
Unilever’s withdrawal of plans to move its headquarters to Rotterdam looked likely on Friday to trigger political fallout for Dutch Prime Minister Mark Rutte over his unpopular proposal to scrap a withholding tax on dividends.
A South Korean appeals court said on Friday it found the chairman of Lotte Group guilty of charges including bribery and breach of trust, but suspended his jail term, setting him free.
Shares in Danske Bank plummeted on Friday to their lowest in four years after a media report the bank executed up to 8.5 billion euros of mirror trades for Russian customers in 2013, and a downgrade by Credit Suisse.
Oil prices rose on Friday as traders anticipated a tighter market due to U.S. sanctions on Iran’s crude exports.
Toyota Motor Corp, long opposed to producing its premium Lexus cars in China because of concerns over quality and profitability, is now considering it to ignite growth and narrow sales gaps with its German rivals, four company insiders told Reuters.
A South Korean appeals court on Friday found the chief of Lotte Group guilty of charges including bribery and breach of trust, but suspended his jail term, setting him free, according to Yonhap news agency.
SoftBank Group Corp is nearing a deal to invest about $500 million in Grab as part of roughly $1 billion that Southeast Asia’s biggest ride-hailing firm is seeking in its latest funding, sources with knowledge of the matter said.
The United States and the European Union must quickly flesh out their aim of cutting trade barriers, German Economy Minister Peter Altmaier said ahead of an EU trade meeting on Friday.
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